News for the Hospitality Executive
Oct 7, 2010 – Leawood, KS (Metro Kansas City) - Leisure Real Estate Advisors, LLC, is pleased to announce the successful marketing and sale of the Hampton Inn & Suites, South Lincoln, NE. Leisure Real Estate Advisors represented the Owner, LHM Holdings, LLC in the transaction. Mike Works of the Lincoln office handled the specifics of the deal, with referral assistance from David Jones of Leisure’s Kansas City office. The Hampton Inn had a history of very strong performance and is located in a high growth area of south Lincoln. The market is supported with substantial demand generators, including the University of Nebraska and the State Capital complex. Harbinger Holdings, LLC, Ames, IA purchased the 82 unit hotel for an undisclosed price. The listing price was $7,200,000. “This transaction posed a number of challenges, including the economic climate and a securitized mortgage”, comments Brent A. Jaynes, co-founder of Leisure Real Estate Advisors. With that in mind, Mike Works comments were similar. “Although Hampton Inn & Suites is a wonderful flag, closing any deal in today’s economic environment is not easy, explains Works. This transaction was a positive testament to all parties, as they worked diligently to achieve this closing.” The new owners will retain the Hampton flag under a new agreement with Hilton Hotels.
Mike Works, Senior Investment Assoc, 402-416-3522 or [email protected].
Brent A. Jaynes, Principal, 913-499-4731 or [email protected].
Leisure Real Estate Advisors, LLC
Leawood Executive Centre II
4501 College Blvd, Suite 205
Leawood, KS 66211
Real Estate Advisors, LLC Continues Growth; David Jones Appointed
Investment Associate to the Kansas City Office / April 2009
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